Commodities Buzz: Katangas Settlement Agreement with Gn++camines becomes effective

Glencore refers to its announcement on 12 June, 2018 with regard to the Settlement Agreement entered into by Katanga Mining Limited with La Générale des Carrières et des Mines for the resolution of the capital deficiency at Katangas 75% owned DRC operating subsidiary Kamoto Copper Company. Glencore confirms that the condition precedent to the Settlement Agreement has now been fulfilled. The Settlement Agreement is therefore unconditional and effective.

Glencore is one of the worlds largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Groups operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities. With a strong footprint in both established and emerging regions for natural resources, Glencores industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.